M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Down 18.7% in December

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 52,700 shares, a decline of 18.7% from the December 15th total of 64,800 shares. Based on an average daily trading volume, of 43,200 shares, the short-interest ratio is presently 1.2 days. Currently, 2.2% of the shares of the company are sold short.

Hedge Funds Weigh In On M-tron Industries

Several hedge funds have recently bought and sold shares of MPTI. Barclays PLC purchased a new position in M-tron Industries during the third quarter worth about $114,000. Janney Montgomery Scott LLC bought a new stake in shares of M-tron Industries during the 4th quarter valued at about $239,000. Truvestments Capital LLC grew its holdings in shares of M-tron Industries by 14.0% during the third quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after purchasing an additional 988 shares in the last quarter. Evernest Financial Advisors LLC purchased a new stake in shares of M-tron Industries during the 3rd quarter valued at $865,000. Finally, Geode Capital Management LLC grew its position in M-tron Industries by 18.6% in the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock worth $989,000 after acquiring an additional 3,718 shares in the last quarter. Hedge funds and other institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Up 3.6 %

MPTI stock traded up $1.91 during mid-day trading on Friday, reaching $55.42. 29,071 shares of the company traded hands, compared to its average volume of 37,713. M-tron Industries has a 52-week low of $23.00 and a 52-week high of $71.10. The firm has a market capitalization of $159.06 million, a PE ratio of 27.71, a PEG ratio of 0.76 and a beta of 1.17.

About M-tron Industries

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.